A Good Company That Was Sold to the Wrong Person
Pros
Monkedia was once a genuinely good place to work. The original team was talented, collaborative, and committed. If you are reading this and considering a role here, know that the culture and quality of people that built this company's reputation are largely gone.
Cons
The business was sold roughly six months ago with virtually no warning to employees. The previous owner announced the sale via a quick video call to a handful of employees the day before it was finalized. The day of the sale the new owner sent out a company-wide email assuring everyone their jobs were safe. That turned out to not be true. In the months that followed, the new owner was largely absent and uncommunicative. He had to be encouraged by the existing leadership team just to introduce himself to staff. After that initial meeting, meaningful communication from him was essentially nonexistent. One of his first substantive request to senior staff was to find a cheaper replacement for a key technical employee. That set the tone for everything that followed: a relentless focus on cost cutting at the expense of people and quality. With less than 24 hours notice, a select group of employees received an email informing them their salaries would be reduced by 10%, effective the next day. No conversation, no warning, no negotiation. Over the following months, the majority of the core team was either laid off, pushed out, or left on their own. Expect technical and operational support to shift heavily to offshore resources. The institutional knowledge and talent that made this company worth anything when it was acquired is gone or leaving. The new owner has no demonstrated people management skills and treats employees as expendable assets rather than human beings. There is no vision, no leadership, and no investment in the people doing the work.